Vetr Lowers Delta Air Lines (DAL) to Sell

Delta Air Lines (NYSE:DAL) was downgraded by Vetr from a “strong-buy” rating to a “sell” rating in a note issued to investors on Monday, November 13th. They presently have a $45.16 price objective on the transportation company’s stock. Vetr‘s price objective suggests a potential downside of 13.25% from the stock’s current price.

A number of other research firms have also commented on DAL. Zacks Investment Research lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. Imperial Capital reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Delta Air Lines in a research note on Wednesday, September 6th. J P Morgan Chase & Co reissued an “overweight” rating and set a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a research note on Wednesday, September 27th. Cowen reissued a “buy” rating and set a $60.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 5th. Finally, Morgan Stanley cut their target price on shares of Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $63.39.

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Delta Air Lines (NYSE DAL) traded down $0.86 during mid-day trading on Monday, reaching $52.06. 8,853,092 shares of the company were exchanged, compared to its average volume of 5,431,264. The firm has a market cap of $37,730.54, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.29. Delta Air Lines has a twelve month low of $43.81 and a twelve month high of $55.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts predict that Delta Air Lines will post 5 EPS for the current fiscal year.

In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total transaction of $365,662.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter W. Carter sold 19,809 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $50.42, for a total transaction of $998,769.78. Following the sale, the executive vice president now owns 67,077 shares of the company’s stock, valued at $3,382,022.34. The disclosure for this sale can be found here. Insiders have sold 239,810 shares of company stock valued at $12,684,903 in the last quarter. Company insiders own 0.37% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC increased its stake in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after buying an additional 220 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines in the second quarter valued at $114,000. Bessemer Group Inc. boosted its holdings in Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 1,298 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares in the last quarter. Finally, BB&T Investment Services Inc. bought a new stake in Delta Air Lines in the second quarter valued at $128,000. Institutional investors and hedge funds own 85.22% of the company’s stock.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.